It Seems Yahoo! Inc. Will Go Down. Had Bearish Options Activity

November 7, 2016November 7, 2016Richard Conner

In today’s session Yahoo! Inc. (YHOO) recorded an unusually high (211) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious YHOO decrease. With 211 contracts traded and 13084 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: YHOO170120P00031000 closed last at: $0.26 or 8.3% up. About 1.47M shares traded hands. Yahoo! Inc. (NASDAQ:YHOO) has risen 10.63% since April 5, 2016 and is uptrending. It has outperformed by 8.67% the S&P500.

Yahoo! Inc. (NASDAQ:YHOO) Ratings Coverage

Out of 33 analysts covering Yahoo! Inc. (NASDAQ:YHOO), 16 rate it a “Buy”, 1 “Sell”, while 16 “Hold”. This means 48% are positive. $62 is the highest target while $31 is the lowest. The $41.99 average target is 2.34% above today’s ($41.03) stock price. Yahoo! Inc. has been the topic of 105 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Pivotal Research maintained Yahoo! Inc. (NASDAQ:YHOO) on Wednesday, September 9 with “Hold” rating. The company was maintained on Wednesday, September 9 by Bank of America. RBC Capital Markets maintained the shares of YHOO in a report on Wednesday, October 19 with “Sector Perform” rating. RBC Capital Markets maintained Yahoo! Inc. (NASDAQ:YHOO) on Wednesday, February 3 with “Sector Perform” rating. The stock has “Neutral” rating given by B. Riley & Co on Wednesday, October 21. The rating was maintained by Susquehanna with “Positive” on Wednesday, October 19. FBR Capital maintained the stock with “Outperform” rating in Thursday, September 17 report. The rating was maintained by UBS on Tuesday, July 19 with “Buy”. BMO Capital Markets maintained the shares of YHOO in a report on Tuesday, July 19 with “Market Perform” rating. Rosenblatt downgraded Yahoo! Inc. (NASDAQ:YHOO) on Wednesday, February 3 to “Sell” rating.

According to Zacks Investment Research, “Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. As one of the first online navigational guides to the World Wide Web, Yahoo! is one of the leading guides in terms of traffic, advertising, and household and business user reach. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!’s clients.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.13, from 0.96 in 2016Q1. The ratio is negative, as 61 funds sold all Yahoo! Inc. shares owned while 208 reduced positions. 50 funds bought stakes while 174 increased positions. They now own 608.46 million shares or 13.00% less from 699.40 million shares in 2016Q1.
The Netherlands-based Apg Asset Mgmt Nv has invested 0.09% in Yahoo! Inc. (NASDAQ:YHOO). Proshare Ltd has 380,656 shares for 0.18% of their US portfolio. Maplelane Capital Limited Com accumulated 0.21% or 132,750 shares. Moreover, Ally has 0.38% invested in Yahoo! Inc. (NASDAQ:YHOO) for 60,000 shares. 1832 Asset Management Limited Partnership last reported 1,500 shares in the company. Commonwealth Fincl Bank Of Australia reported 3,291 shares or 0% of all its holdings. Hartford Inv reported 207,049 shares or 0.16% of all its holdings. State Board Of Administration Of Florida Retirement System last reported 0.16% of its portfolio in the stock. Schwab Charles Invest Mgmt Inc holds 0.11% of its portfolio in Yahoo! Inc. (NASDAQ:YHOO) for 2.34M shares. Frontfour Cap Grp Ltd holds 1.98% of its portfolio in Yahoo! Inc. (NASDAQ:YHOO) for 191,379 shares. Hourglass Capital Limited holds 1.24% or 133,256 shares in its portfolio. Millennium Management Ltd Liability Com has invested 0.28% of its portfolio in Yahoo! Inc. (NASDAQ:YHOO). Ing Groep Nv holds 175,127 shares or 0.09% of its portfolio. Smithfield Trust Com has 710 shares for 0.01% of their US portfolio. Oakworth Capital Inc holds 500 shares or 0.01% of its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 17 selling transactions for $400,341 net activity. Utzschneider Lisa sold $25,435 worth of stock or 683 shares.

Yahoo! Inc. , along with its subsidiaries, is engaged in digital information discovery. The company has a market cap of $38.43 billion. The Company’s divisions include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. It currently has negative earnings. The Firm focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.

YHOO Company Profile

Yahoo! Inc. (Yahoo), along with its subsidiaries, incorporated in 1995, is engaged in digital information discovery. The Firm focuses on informing, connecting and entertaining its users with its search (Yahoo Search), communications, including Yahoo Mail and Yahoo Messenger and digital content products, including Tumblr, and its over four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle. The Company’s divisions include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific.

More notable recent Yahoo! Inc. (NASDAQ:YHOO) news were published by: Fool.com which released: “Yahoo! Inc. Earnings Doubled Despite Soft Sales” on October 19, 2016, also Profitconfidential.com with their article: “Yahoo Stock: Things Get Worse for Yahoo! Inc Deal” published on October 14, 2016, Prnewswire.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on October 27, 2016. More interesting news about Yahoo! Inc. (NASDAQ:YHOO) were released by: Reuters.com and their article: “Women executives left Yahoo in US amid layoffs, deal talk” published on November 01, 2016 as well as Usnews.com‘s news article titled: “Yahoo Inc., Verizon Communications and Tesla Motors Inc. Are Stocks On the …” with publication date: October 17, 2016.